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20120928
20121006
Search Results 0 to 21 of about 22 (some duplicates have been removed)
. charles payne, ben stein, dagen mcdowell and adam lashinsky and charlie gasperino. >> i think it was a good place to start, to ryan's point, it was with respect to social security or medical spending, you know, and the ideal spending cap. if we adhere to spending caps we wouldn't be in this position in the first place, so i take his point although i think it would have been a good starting point for everyone to say, okay, let's start with this and then go from there. ben stein? >> we've gotten ourselves into a such a deep hole and everyone wants to avoid tax, tax, tax, we can't. yes, they've got it cut it, and going to have to do financials, we don't want to do it, we've got to. >> neil: i'd like to disagree with that, but (laughter) >> mr. gasperino? >> and we don't have to raise taxes right now. it'd be a dumb thing to raise taxes, in the middle it looks like we're headed to a double dip recession. >> neil: you think that. >> you look at the numbers and the business round table and look at the latest gdp numbers and consumer spending and i don't criticize ben bernanke for d
in the commodity market. it is a free market. before we get to charlie, i want to get to nicole. nicole: i want to take a close look at bank of america today. this is a huge settlement. this is after the whole merril lynch merger. bank of america agreeing to pay $2.3 billion. this is a huge settlement. bank of america took this merger and the question is whether or not executives had the key fax. whether they misled the shareholders. this is the largest settlement ever of its kind in a merger type situation. we are down 1.6% for bank of america. for the whole merger, this was a $32 stock. $8.83 a share today. you have to love these trading voice. i love when it's guys are running around trying to get their orders in. liz: let's get to charlie gasparino. before he was that merrill lynch, he was at the new york stock exchange. charlie: he is now at cit. he was maybe using that as a way to get back to the game. he has been ostracized from major wall street firms since as little as half with his office. he spent 1.22 million on the soap dish, the commode on wheels. anyway, when he was at the new yo
. concerns are growing over trading firms lacking basic tools to prevent another catastrophe. charlie gasparino has the latest on this and joins us. charlie: we should get out why this is a big story. a pretty investing survey named the top three or four things investors are worrying about and why they are pulling money out of stocks. the dow is up big time. small investors are not in this market. they put their money in bonds and gold. they talk about market implosions. /crash and night capital blowing up and a comput fat finger. they're doing a high in sweep of the brokerages and here is what they are finding out. they are worried firms don't have safeguards. basic safeguards to prevent a massive screwup with a combination of human error and firms that have these firewalls or they are at least not adequate enough. at night capital, it is some sort of combination of technology not having the technology that would catch it but huge human error. this is a story that is not going away and one reason why is the sec investigation. tom choice, ceo of night capital still at the helm even th
about it. liz: is regulated by london bank. charlie: it is regulated by him also. barclays jpmorgan, citigroup, all of them are involved in this thing. it will be a big mess. grass lake comes in today is really starting to turn up the heat. tell us what you knew. tell us if you considered ramifications for not taking a stronger stand at the time. there is an impact on monistic polities. municipalities have all of these contracts or financial derivative to balance the books. they lose money, the value of those investments go down when the interest rates go down. opposite of what usually happens. grassley is telling geithner, listen, let's make our own rate up. why are we doing this, they think almost everything, libor is the most universally used rate on something that could be so manipulated. it sort of put together by this trade group. liz: what are we letting the banks be part of it anyway? charlie: he said it in his letter. why don't we do in american based interest rate. something like that. i tell you, i think it will pick up a little game now. that is something you hear a lot
, the cme group and the nymex. let's take a look at the cme, charlie needles, the cme. charlie, what a day? is it all on the back of the ism numbers? >> it is. you know, chi pmi came out overnight, and that showed things have stabilized there, in china. european pmi was in line, not lighting the world on fire. a little concern over the employment situation there. but if you look at the breakdown of the u.s. pmi, you kind of hit on all cylinders. the prices paid was actually a little higher, but if you're trying to reflate the market, that's a decent measure. it had been 54 last month, 58 this month. the employment sector picked up, new order sector picked up, but we did see an uptick in the employment sector. i think you hit it on the head, ashley, that's what the market's taking focus on today. aaron ash all right, let's go to ben willis at in ncse -- nyse. does this point to a much better recovery than we thought perhaps? because i think there's still a lot of mixed data out of there. >> oh, i think we're a little ahead of the game if we're looking for the recovery, but as we just heard,
? that is a charlie gasparino question. charlie is not cheap. i just want to add that in their. lori: he always buys drinks for people. you are looking at the dollar against its major trading partner. it is pretty flat. back with more after this. ♪ when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. ♪ >> at 21 minutes p hour i am laura ingle with your fox news minute. the government expects the number of death to decline because many of the wounded are in critical condition. serious government blames rubbles. voting takes place in chicago today. last month features of more than 600 school ended a strike after union delegates discussed a contract and voted overwhelmingly to suspend the lockout. the results could be known tonight or tomorrow. next time you have a killer headache, think about this guy. he has created a record by breaking 18 coconut with his head in 18 sec
. charlie gasparino is here with breaking news on this story. here's what is also money tonight. president obama and mitt romney getting ready to face off in the first presidential debate. one man who didn't get an invitation? libertarian presidential candidate, gary johnson of the he will join us here live. >>> plus an influential coal miners union says it won't endorse president obama's slamming the administration's war on coal. will this be a deciding factor in the election? >>> houses of millionaires collecting unemployment checks? does that make sense to you? even when they say it's not it is always about money. melissa: so here's look at the day's market headlines. spain's prime minister denying speculation that a spanish bailout request is imminent. stocks pared early session gains following the news and the dow closed down 32 points on the day. >>> a mixed picture for u.s. auto sales in september. chrysler posted a strong 12% year-over-year gain. general motors saw a tepid 1.5% advance and ford sales were basically flat. >>> shares of metropcs skyrocketed nearly 18%. deutsche telek
of potentially losing the upper class? and why charlie gasparino says after last night the romney camp can win over millions of people, millions without spending a dime. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. neil: why would you go out on a limb? jared, you repeated that before, and to whatever they do with the money is there, and play it out for me. what happens? >> the fine print taking it away. confidence is on the rise, the consumer level, but the financial services, just in the sector by itself lost 9,000 jobs of q3 this year. there's record high margins because they are scared as heck. they are not growing organically. they are growing by laying off employees, and, you know, we hear in wall street, i run a trading service that
campaign losing some of its big money donors? charlie gasparino has the exclusive story in moments. tracy: yeah, could we be in another recession. even though the dow is up 127 points right now. the some economists actually think so. we'll look at evidence pointing in that direction. ashley: very very interesting to dig down into the data. time for stocks as we do every 15 minutes. back down to the nyse with nicole petallides. >> ashley, tracy it has been an interesting day here on wall street. we started out with good economic news that helped push us higher. less concern about the european crisis. so we saw a strong euro, weaker dollar and dow moved up to nearly 13,600. cows a couple points away from those levels. we heard from our fed head ben bernanke, which caused things to pull back. talking about a fact that they were a little -- europe continued to be a concern there. right now the dow is still up. a really good day on wall street, right? if you're a bull out there you say i'll take it, up 124 points right now. we're showing you some of the best performers on the dow in percentage
taking our own, talking to him about his plans for cit and you know, charlie. now, you're coming out here because you've opinion reporting all day about -- >> and yesterday. melissa: about john thain out there shopping cit i understand another network which shall remain nameless. >> i call them brand x. melissa: was refuting your story? >> he tried to refute it on brand x. what, listen, when john thain was actually a major player on wall street, cit is not a major player i used to take glee when he refuted my old stories because he mattered at new york stock exchange and merrill he tried to refute all sorts of stuff. they need to raise capital at merrill. he would say they don't and they would raise capital. i would say he is on the ropes with ken louis he will not replace him after the bank of america brought merrill lynch. he got replaced. as a matter of fact john thain knew he was going to be replaced he saw me, he saw me on tv announce it. has history of this. today i think he was pretty squirrely. like he said not player he once was. i want to address couple things. he misled the rep
: 50th have that barbara feith. melissa: up next, charlie gasparino has exclusive details of a battle brewing in washington. it is over billions of dollars. lori: let's talk about the dollar. i cannot figure out why gold popped today. you have a much weaker dollar. melissa: there you go. lori: answer, question, mystery solved. back with more after this. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. ♪ >> my headgear fox fox news minute. turkey's parliament has authorized -- a top turkish official says syria has formally apologized for the shelling that killed five civilians yesterd
. lori: that is a good point. i think charlie gasparino is standing by with his latest report. inc. of america, i guess this is more interesting to charlie, at least. the bank with a 3.5 million in charges. bank of america says this is not an admission of guilt. the settlement was reached to eliminate the uncertainties. melissa: the latest news from bank of america that pain is still being felt from the collapse of 2008. charlie gasparino is first to report on thain. charlie: he cannot sell it. why can't he felt it? cit is a pretty risky operation. the banks are under regulation by the fed. they cannot really fit. cit, let's go through a little history. it is very controversial. it went belly up or with heading towards belly up during the financial crisis. received a $2.3 billion bailout good then filed bankruptcy. then they screwed the taxpayers. john thain took it over after that when he left merrill lynch. he is not trying to sell it. he cannot sell it. what he did yesterday, this is a game of cat and mouse, when you tell everybody you want to sell something, they think you are
geithner know about the libor scandal? charlie gasparino has the exclusive details. take a look at some of today's winners and losers on the s&p 500. first solar up 25%. we will be right back. ♪ >> i'm nicole petallides live on the floor of the new york stock exchange. every 15 minutes we do stocks on the fox business network. the dow jones industrial average is down 61 points. nearly erasing all of yesterday's gains. the s&p down over two points. the nasdaq composite is down .1 of 1%. look at two names on the move when we look at chipolte mexican grill selling off and general motors is looking good. all of this comes on the heels we heard from david einhorn of green light capital basically saying chipolte talking about rising competition and rises prices like general motors. stocks are reflecting that. melissa: nicole, thank you so much. senator grassley demanding that treasury secretary tim geithner come clean what he knew about the libor scandal and calling on regulators create a new american based index to replace the scandal tarred london interbank offering rate. charlie gasparin
: that was mitt romney. our first guest on the program today is congressman charlie rangel, democrat from new york. great to see you. everybody is asking this question in all seriousness, what happened to the president last night? >> i walked on the street this morning, people think i talk with the president on a regular basis, hey congressman, what happened? hey charlie, what happened last night? connell: we have another question congressman, what happened to your microphone? hold on a second. now it is back on. >> everyone is asking that same basic question, what happened? he certainly was not on his game. he certainly wasn't prepared for a guy that had no regard for the facts, but really took charge. what mitt romney has done many politicians have done. when you're not in charge of the facts, just take over. we have an expression in law school, when you don't have the facts or the law with you, raise your voice. and he just took over, ran over the moderator, ran over the president, and the president just looked like he was holding him in utter contempt. i'm surprised the president didn't look a
for the dow it appears but charlie brady, a ief economist says at&t is responsible for a big chunk of this loss. >> united healthcare. those are the names weighing on the dow jones industrials. we have seen hewlett-packard in there and microsoft and j. p. morgan and some names that played on the dow going into the close. liz: dave: there are some all-time highs. consolation brands, we will talk to the ceo coming up so some stocks had good days. >> the dow hit the highest level in five years so constellation brand you think of corona and raven line an all-time high. walmart. you need your alcohol. you need your tobacco. dave: and wholefoods. may be inconsistent to smoke a cigarette when eating whole foods that doing pretty well. zynga a big movers today. >> they cut their outlook again. you see the dramatic fall off and a lot of favorites stay below. avalanche facebook and linkedin. dave: another sort of bumper is green mountain coffee. we are used to that and it lost 5%. >> we were watching green mountain. starbucks says th
the exclusive reporting from our own charlie gasparino. chuck grassley is launching an investigation into the libor manipulations. this is being started by the senator from iowa. they are turning up the heat on the treasury secretary tim geithner. barclays and other big banks and whether or not interest rates were fixed. a lot of this has been sent overseas until now. two senators starting an investigation to libor. let's move on. the economy certainly at a crossroads here with a fiscal cliff looming. our next guest, though, that people underestimate the positive impact we are seeing right now and housing. liz and sound are is in studio. what are we missing on housing? >> we have had a string of numbers. that factor has six years of a study drag on economy. only about 2.5% of gdp. i think people are underestimating the ripple effect to think like confidence. connell: what does it mean for the future? >> the numbers we have seen have been anemic. it is interesting to see how the conversation has turned. brian was very was on with us yesterday. he is very optimistic about the economy,
charlie randolph have been in office to oversee $16 trillion in federal deficit spending. to pay interest on that, you make an important point. what is missing in the vice president's comments, again and again never brought up by the administration. stuart: tax the rich. that could win the that could win the [talking over each other] [talking over each other] stuart: when they's debate was the first time obama face real criticism and he lost. that is my take and it is next. >> if you look at the unemployment number, the bulk of them, nearly 600,000 got part-time jobs. they wanted full time and getting part time. the number dropped and we don't want a part-time recovery. stuart: that was congressman kevin brady's analysis of the jobs report. tune in weekdays at 9:20 sharp. this is a rally. the dow firmly above 136. ibm has said another new high. coming -- nicole: it is $2.79 for ibm which is up $0.16. we have been watching hewlett-packard and that has been going in the opposite direction. what is interesting is we did get the news that there was a contract in which ibm was supposed to pay
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: charlie gasparino. connell: down a little bit today to talk about the presidential election into detail including some new polling. but the prime minister taking center stage and he called for a clear red line on iran's nuclear program, take a listen. >> lady an lady and gentleman, e relevant question is not when iran will get the bomb, the relevant question is at what stage can we know longer stop iran from getting the bomb. the redline must be drawn on iran's nuclear enrichment program because these enrichment facilities are the only nuclear institutions that we can definitely see an incredibly target. connell: we're joined by israel's former ambassador to the united nations. thank you for coming in, we appreciate it. the redline comments that prime minister benjamin netanyahu just articulated, it appears that he pulled back a little bit from the imminent threat dialogue that have been taking place before that and push off this threat maybe next summer as opposed to the next few months. i bring that up because all this is happening in the midst of our own presidential election, what d
Search Results 0 to 21 of about 22 (some duplicates have been removed)